As of 2018, 68% of 17-year-olds are earning wages.
Around 120 companies could face daily fines in January if they do not obtain equal pay certification.
Two percent of Icelanders work in the sports industry, a higher proportion than anywhere else in Europe.
The Reform Party has put forth a bill proposing civil service jobs be opened to non-European citizens.
Icelandic banks have reduced staff by nearly 1,500 and closed more than 60 branches over the last ten years.
Over 24,000 foreigners were in the Icelandic labour market in June and their numbers have increased by 17 percent over the last 12 months.